Fjarde AP Fonden Fourth Swedish National Pension Fund Has $13.35 Million Stock Position in GoDaddy Inc. (NYSE:GDDY)

Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in shares of GoDaddy Inc. (NYSE:GDDY) by 6.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 67,644 shares of the technology company’s stock after purchasing an additional 4,100 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in GoDaddy were worth $13,351,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Howard Capital Management Inc. acquired a new position in GoDaddy during the fourth quarter valued at approximately $217,000. Navellier & Associates Inc. grew its holdings in shares of GoDaddy by 39.6% in the 4th quarter. Navellier & Associates Inc. now owns 5,532 shares of the technology company’s stock valued at $1,092,000 after buying an additional 1,568 shares during the period. Handelsbanken Fonder AB grew its holdings in shares of GoDaddy by 0.6% in the 4th quarter. Handelsbanken Fonder AB now owns 35,100 shares of the technology company’s stock valued at $6,928,000 after buying an additional 200 shares during the period. Private Advisor Group LLC increased its position in shares of GoDaddy by 6.8% in the 4th quarter. Private Advisor Group LLC now owns 2,335 shares of the technology company’s stock valued at $461,000 after buying an additional 148 shares in the last quarter. Finally, Global Retirement Partners LLC raised its stake in GoDaddy by 31.1% during the 4th quarter. Global Retirement Partners LLC now owns 392 shares of the technology company’s stock worth $77,000 after buying an additional 93 shares during the period. Institutional investors own 90.28% of the company’s stock.

GoDaddy Price Performance

Shares of NYSE GDDY opened at $173.82 on Monday. GoDaddy Inc. has a fifty-two week low of $108.38 and a fifty-two week high of $216.00. The stock has a market capitalization of $24.40 billion, a price-to-earnings ratio of 26.95 and a beta of 1.15. The company has a debt-to-equity ratio of 5.46, a current ratio of 0.72 and a quick ratio of 0.56. The business has a 50-day moving average of $201.36 and a 200-day moving average of $181.33.

GoDaddy (NYSE:GDDY) last posted its quarterly earnings results on Thursday, February 13th. The technology company reported $1.42 earnings per share for the quarter, missing the consensus estimate of $1.43 by ($0.01). GoDaddy had a return on equity of 176.06% and a net margin of 20.49%. The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.18 billion. As a group, sell-side analysts predict that GoDaddy Inc. will post 6.63 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, COO Roger Chen sold 1,000 shares of GoDaddy stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $194.28, for a total transaction of $194,280.00. Following the completion of the transaction, the chief operating officer now owns 182,632 shares in the company, valued at approximately $35,481,744.96. This trade represents a 0.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Brian Sharples sold 500 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $197.77, for a total value of $98,885.00. Following the transaction, the director now directly owns 23,621 shares in the company, valued at approximately $4,671,525.17. This trade represents a 2.07 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,482 shares of company stock worth $4,903,930. Insiders own 0.61% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Robert W. Baird increased their price target on GoDaddy from $200.00 to $225.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Raymond James increased their target price on GoDaddy from $185.00 to $230.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, January 21st. Morgan Stanley lifted their price target on shares of GoDaddy from $227.00 to $228.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. JPMorgan Chase & Co. increased their price objective on shares of GoDaddy from $224.00 to $231.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Finally, Citigroup raised their price objective on shares of GoDaddy from $240.00 to $251.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Seven research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, GoDaddy currently has an average rating of “Moderate Buy” and an average target price of $213.20.

GoDaddy Profile

GoDaddy Inc engages in the design and development of cloud-based products in the United States and internationally. It operates through two segments: Applications and Commerce, and Core Platform. The Applications and Commerce segment provides applications products, including Websites + Marketing, a mobile-optimized online tool that enables customers to build websites and e-commerce enabled online stores; and Managed WordPress, a streamlined and optimized website building that allows customers to easily build and manage a faster WordPress site; Managed WooCommerce Stores to sell anything and anywhere online; and marketing tools and services, such as GoDaddy Studio mobile application, search engine optimization, Meta and Google My Business, and email and social media marketing designed to help businesses acquire and engage customers and create content.